An unidentified Bitcoin holder from 2009 recently sold nearly $10 million in Bitcoin. This rare move involved a Bitcoin address inactive for over a decade, suggesting the sale was well-planned. The transfer to Kraken exchange occurred over two months, indicating a strategic selling approach.
The sale's potential impact on Bitcoin's price is noteworthy since such substantial sales can influence market dynamics. However, given the current sale volume's size relative to total trading volume, experts believe it may not significantly affect Bitcoin's price.
This event highlights the occasional activation of dormant Bitcoin wallets from the cryptocurrency's early days, raising considerations about their market influence. While this particular sale is a small fraction of the total trading volume, it offers insight into the strategies of early Bitcoin holders.
